Personal financial statement

A personal financial statement is a document that summarizes your financial position: your assets (what you own), liabilities (what you owe), monthly income, and monthly expenses. It gives lenders, investors, or yourself a clear snapshot of your financial health.

You'll need one for SBA loan applications (the SBA Form 413 is a standard personal financial statement), mortgage pre-approval, business loans requiring personal guarantees, investment partnerships, and some rental applications.

The SBA Form 413 is the official personal financial statement required for SBA loans. It asks for all assets, liabilities, income sources, and monthly expenses. Our analyzer auto-extracts your income and expense data from your bank statement to help you fill it in accurately.

List all your assets (bank balances, investments, property value, vehicles), then all liabilities (mortgage, loans, credit card balances). Calculate net worth = assets minus liabilities. Then document monthly income and expenses. Upload your bank statement to auto-extract the income and expense sections.

A personal financial statement covers your individual finances — personal income, personal assets, and personal debts. A business financial statement covers company finances (P&L, balance sheet, cash flow). For SBA loans, you typically need both.

Yes — your bank statement contains all the transaction data needed to calculate your monthly income and expenses. Upload it to our analyzer and we'll extract and categorize everything automatically, ready to transfer to your personal financial statement form.

They're closely related. A net worth statement focuses on assets minus liabilities (your net worth). A personal financial statement includes net worth plus your monthly cash flow (income vs. expenses). Both are often required together for loan applications.